MySpace Abandons Social Networking

So long social networking, hello social entertainment. That's the motto at MySpace which this week unveiled a new logo and a site redesign intended to redefine the company as a "social entertainment destination for Gen Y."

So long social networking, hello social entertainment. That’s the motto at MySpace which this week unveiled a new logo and a site redesign intended to redefine the company as a “social entertainment destination for Gen Y.”

The new site will put the News Corp.-owned MySpace out of competition with the likes of Facebook and Twitter and into a whole new category of entertainment hub.

Starting today, users will be able to access the site‘s most-popular music and videos, updated in real time.

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